You get to know the following about the company Abzink AS:

The operating profit is 300 in 2020.
Ordinary profit before tax is 400 in 2020.
The annual result is 320 in 2020.
Total equity is 800 as of 31.12.2020.
The tax rate is 20 percent and there are no permanent or temporary differences.
As of 31 December 2019, the book value of the long-term equity investments was 100, while the fair value was  230.
As of 31 December 2020, the book value of the long-term equity investments was still 100, while the fair value was 200.
The company assesses its long-term equity investments in accordance with the cost method.
You have been commissioned to analyze the earnings and financial position of Abzink AS and you start by correcting the accounts for hidden reserves in the equity investments. Then enter the correct amounts in the fields below.
i) After the accounts have been adjusted for hidden reserves, the operating profit is in 2020?
ii) After the accounts have been adjusted for hidden reserves, ordinary profit before tax is in 2020?
iii) After the accounts have been adjusted for hidden reserves, the annual result in 2020?
iiii) After the accounts have been adjusted for hidden reserves, the equity as of 31 December 2020 is?

Answer rating: 100% (QA)

i After the accounts have been adjusted for hidden reserves the operating profit is in 2020 The oper... View the full answer